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Industry Acronyms
Keller WilliamsE
General Real Estate
Real Estate Math
Short Sales and Foreclosures
100

FHA

Federal Housing Authority

100

KW Headquarters

Austin Texas

100
a fixture
What is personal property that, by its attachment to real property, is regarded as real estate is called?
100
Divide the net operating income by the sale price
What is A CAP RATE?
100
WHEN A PROPERTY LIEN HOLDER AGREES TO RELEASE A LIEN ON A PROPERTY FOR LESS THAN WHAT IS OWED
What is A SHORT SALE?
200

HUD

Housing and Urban Development

200

Where was the original KWNJMG located?

Bloomfield Ave

200
Latin for "suit pending"
What is Lis Pendens?
200
PITI
What is PRINCIPAL INTEREST TAXES INSURANCE?
200
12 months
What is the length of Right of Redemption?
300

FREDDIE MAC

Federal Home Loan Mortgage Corporation

300

Gary Keller and Joe Williams

Who were the founding Partners of KW?

300

E signature service

Docusign

300
You use your income to pay some or all of what you owe to your creditors over time -- from three to five years, depending on the size of your debts and income. In return, you may keep your property.
What is Chapter 13?
300
A short sale negotiator.
What is someone who provides assistance in negotiating with the lender on the seller’s behalf?
400

KWFR

Keller Williams Family Reunion

400

WI4C2TS

KW belief system, win win or no deal

400
DAILY DOUBLE!!!!!!! Real Estate Settlement Procedures Act
DAILY DOUBLE!!!! What is RESPA?
400
43560 SQ. FT.
What is THE AREA OF AN ACRE?
400
A WRITTEN PROMISE TO PAY A SPECIFIC SUM OF MONEY TO A LENDER OR MORTGAGE INVESTOR TO COMPLETE A SHORT SALE
What is A PROMISSORY NOTE?
500

HELOC

Home Equity Line of Credit

500

What year was KW founded?

1983

500

What are the Fiduciary Duties of a Real Estate Agent?

Loyalty,Obedience,Disclosure,Confidentiality,Reasonable Care and Diligence and Accounting

500
9 SQUARE FEET=? SQUARE YARDS
What is A SQUARE YARD (ONE)
500
10 days from acceptance.
What is the normal inspection period.